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1、 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 1 2013 年 CIMA 考试每日一练(5)1.Which of the following are characteristics of service costing?(i)High levels of indirect costs as a proportion of total cost(ii)Use of composite cost units(iii)Use of equivalent units A.(i)only B.(ii)only C.(i)and(ii)only D.Al
2、l of them 2.The incomplete process account relating to period 4 for a company which manufactures paper is shown below:Material 100%Labour 50%Production overhead 40%Losses are recognised at the end of the production process and are sold for$1.75 per unit.The total value of the units transferred to fi
3、nished goods was:A.$21,052.50 B.$21,587.50 C.$22,122.50 D.$22,656.50 3.Point K on the graph indicates the value of A.Semi-variable cost B.Total cost C.Variable cost D.Fixed cost 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 2 4.This graph is known as a A.Conventional breakeven chart B.Contribution
4、 breakeven chart C.Semi-variable cost chart D.Profit volume chart 5.W Ltd makes leather purses.It has drawn up the following budget for its next financial period:Selling price per unit$11.60 Variable production cost per unit$3.40 Sales commission 5%of selling price Fixed production costs$430,500 Fix
5、ed selling and administration costs$198,150 Sales 90,000 units The margin of safety represents A.5.6%of budgeted sales B.8.3%of budgeted sales C.11.6%of budgeted sales D.14.8%of budgeted sales 6.ZK has been asked to quote a price for a special job that must be completed within one week.The job requi
6、res a total of 100 skilled labour hours and 50 unskilled labour hours.The current employees are paid a guaranteed minimum wage of$525 for skilled workers and$280 for unskilled workers for a 35-hour week.Currently,skilled labour has spare capacity amounting to 75 labour hours each week and unskilled
7、labour has spare capacity amounting to 100 labour hours each week.Additional skilled workers and unskilled workers can be employed and paid by the hour at rates based on the wages paid to the current workers.The materials required for the job are currently held in inventory at a book value of$5,000.
8、The materials are regularly used by ZK and the current replacement cost for the materials is$4,500.The total scrap value of the materials is$1,000.What is the total relevant cost to ZK of using skilled and unskilled labour on this job?A.Nil 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 3 B.$375 C.
9、$775 D.$1,540 7.ZK has been asked to quote a price for a special job that must be completed within one week.The job requires a total of 100 skilled labour hours and 50 unskilled labour hours.The current employees are paid a guaranteed minimum wage of$525 for skilled workers and$280 for unskilled wor
10、kers for a 35-hour week.Currently,skilled labour has spare capacity amounting to 75 labour hours each week and unskilled labour has spare capacity amounting to 100 labour hours each week.Additional skilled workers and unskilled workers can be employed and paid by the hour at rates based on the wages
11、 paid to the current workers.The materials required for the job are currently held in inventory at a book value of$5,000.The materials are regularly used by ZK and the current replacement cost for the materials is$4,500.The total scrap value of the materials is$1,000.What is the relevant cost to ZK
12、of using the materials in inventory on this job?A.$1,000 B.$3,500 C.$4,500 D.$5,000 8.For decision-making purposes,which of the following are relevant costs?(i)Avoidable cost(ii)Future cost(iii)Opportunity cost(iv)Differential cost A.(i),(ii),(iii)and(iv)B.(i)and(ii)only C.(ii)and(iii)only D.(i)and(
13、iv)only 9.A project requires an initial investment of$300,000.The following cash inflows have been estimated for the life of the project:Year$1 50,000 2 120,000 3 200,000 Using a discount rate of 8%,the net present value of the project to the nearest$000 is$_.10.Which THREE of the following statemen
14、ts are advantages of the internal rate of return(IRR)method of investment appraisal?A.It is a measure of absolute profitability 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 4 B.It considers the time value of money C.It is an easy to understand percentage measure D.It is based on accounting profit
15、s E.It considers the whole life of a project F.It is a simple measure of risk 1.【答案】C 2.【答案】B 3.【答案】D 4.【答案】D 5.【答案】B 6.【答案】B 7.【答案】C 8.【答案】A 9.【答案】8 10.【答案】B,C,E 参与 CIMA 的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取CIMA 考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询。更多 CIMA 考试资讯，请关注官方微信公众号：gaoduncima